MFTFX vs. FBALX
Compare and contrast key facts about Arrow Managed Futures Stragegy Fund (MFTFX) and Fidelity Balanced Fund (FBALX).
MFTFX is managed by Arrow Funds. It was launched on Apr 28, 2010. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MFTFX or FBALX.
Key characteristics
| MFTFX | FBALX | |
|---|---|---|
| YTD Return | 4.20% | 17.65% |
| 1Y Return | -2.33% | 24.29% |
| 3Y Return (Ann) | 8.83% | 4.99% |
| 5Y Return (Ann) | 6.97% | 11.59% |
| 10Y Return (Ann) | 4.33% | 9.83% |
| Sharpe Ratio | -0.30 | 3.04 |
| Sortino Ratio | -0.26 | 4.32 |
| Omega Ratio | 0.97 | 1.58 |
| Calmar Ratio | -0.26 | 3.47 |
| Martin Ratio | -0.51 | 20.17 |
| Ulcer Index | 12.85% | 1.30% |
| Daily Std Dev | 22.05% | 8.64% |
| Max Drawdown | -35.70% | -42.81% |
| Current Drawdown | -22.00% | -0.43% |
Correlation
The correlation between MFTFX and FBALX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MFTFX vs. FBALX - Performance Comparison
In the year-to-date period, MFTFX achieves a 4.20% return, which is significantly lower than FBALX's 17.65% return. Over the past 10 years, MFTFX has underperformed FBALX with an annualized return of 4.33%, while FBALX has yielded a comparatively higher 9.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MFTFX vs. FBALX - Expense Ratio Comparison
MFTFX has a 1.54% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
MFTFX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Managed Futures Stragegy Fund (MFTFX) and Fidelity Balanced Fund (FBALX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
MFTFX vs. FBALX - Dividend Comparison
MFTFX has not paid dividends to shareholders, while FBALX's dividend yield for the trailing twelve months is around 4.55%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFTFX Arrow Managed Futures Stragegy Fund | 0.00% | 11.76% | 41.05% | 2.31% | 0.00% | 20.02% | 7.84% | 2.12% | 9.36% | 1.20% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 4.55% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
MFTFX vs. FBALX - Drawdown Comparison
The maximum MFTFX drawdown since its inception was -35.70%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for MFTFX and FBALX. For additional features, visit the drawdowns tool.
Volatility
MFTFX vs. FBALX - Volatility Comparison
Arrow Managed Futures Stragegy Fund (MFTFX) has a higher volatility of 6.41% compared to Fidelity Balanced Fund (FBALX) at 2.53%. This indicates that MFTFX's price experiences larger fluctuations and is considered to be riskier than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.